The North-South Relationship and Economic Development

Abstract

Economic relations between countries on very different levels of economic development — referred to as north—south relations — lie at the centre of proposed changes in the institutional structure of international economic relations and the world economy. New patterns of specialisation and co­operation are now being envisioned for the purpose of guiding and accelerating economic development within developing countries, with emphasis on the urgent need to restructure the world’s economy and the institutional framework of international economic relations.